Loan Calculator

About the Download.com Installer

The Download.com Installer securely delivers software from Download.com's servers to your computer. During this process, the Download.com Installer may offer other free applications provided by our partners. All offers are optional: You are not required to install any additional applications to receive the software you selected.
Learn more

Editors' Review

So you've taken out a loan, and there's just one critical question on your mind: How much do you have to pay? This freeware program helps users easily figure out payments over the lifetime of a loan.

The interface is fairly amateurish, but straightforward. Loan parameters are entered into one pane, producing the payment schedule in the other. The program also can display the results in an easily-read chart form. The payment information can be exported into other formats, including HTML and Excel, and the program contains helpful links to other financial tools, articles, and lenders. Overall, for people who aren't in the market for a professional financial adviser, Loan Calculator can help shed light on financial obligations for years to come.

read more +

Publisher's Description

Loan calculator is completely free & user-friendly amortization software. This is an essential tool to estimate loan payments on homes, cars, and refinances. Just type loan amount, loan length, annual interest rate and program will generate full loan repayment plan. Loan calculator supports regional currency settings and works with wide range of repayment cycles from one month to 50 years. Also real-time calculations have been added.

Very good, user friendly. You will have the basic calculation details. Fair enough for non accounting people.At the end of the calculator, it gives a summary, up to what line you have chosen. So, select the correct line to avoid confusion.

Small package, simple layout, quick calculations, easy to read, easy to use

Cons

Doesn't make coffee

Summary

This program is perfect for what I needed... which was, just an easy "smart-phone" like app for doing loan calculations. It doesn't get any more simple or easy than this program... I don't know what people are complaining about; why rate it poorly because it's a "base" model. Would you expect your Honda Accord to have the features of an Acura?

Provides a good amortization schedule; for a free program, nice that it allows a start date

Cons

Can't think of anything

Summary

I was looking for a free, easy, basic program. This is it. I needed an amortization schedule, not just payment calculation. This allows you to select a start date. To print the schedule, you export to Excel, so you have the ability to customize as desired. Serves my needs perfectly.

Does not convert well to Excel on my system. Does not let me change the amount of the monthly payment & add a final payment to compensate for the rounded-of monthly payment. Found another program that allows me to do this.

E-mail This Review

Thank You, !

Report Offensive Content

If you believe this comment is offensive or violates the CNET's Site Terms of Use, you can report it below (this will not automatically remove the comment). Once reported, our staff will be notified and the comment will be reviewed.